Category: Pay benchmarking
Three essential areas to address around pay gaps and equality
Equal Pay | Equal Pay Audits | Pay Structure | Pay benchmarking | Job evaluation | Pay Review
Instances of unequal pay can manifest all too easily, but they can also be guarded against by putting checks and balances in place and maintaining those with regular auditing. My three main areas to focus on when considering pay gaps and inequality are pay structures, annual pay review and pay policy.
Pay Data: The right version of the truth?
Salary survey | Pay benchmarking | Pay Data
As we move cautiously out of the pandemic, ‘getting pay data right’ has never been more important. But how can you make sure you are selecting the right pay data, and how do you interpret what the data is telling you? Lisa Trewhitt offers her four main recommendations.
What Does Good Pay Benchmarking Look Like?
Most organisations conduct benchmarking to attract and retain employees, which is done by understanding the market rate of roles within the organisation. But how can you ensure your next Pay Benchmarking project is a success? Mark Macoun offers some key best practice considerations.
Planning for the Other Side
HR Reward | Reward Consultancy | Bonus | Performance Related Pay | Pay & Reward | Communications | Salary survey | Recognition | Reward Strategy | Pay benchmarking | Pay Review | Covid-19
Senior Reward Consultant Emer Bucukoglu explains why now is the time to take a considered approach to reward, review your current reward strategy and policies and explore smarter, more agile reward solutions.
Join the club: why you should join a specialist pay survey
HR Reward | Reward Consultancy | Good data | Club survey | Salary survey | Pay benchmarking
Good pay data is key to informing decisions around pay management. But what happens when the traditional pay surveys don't fit the bill for specialist roles? Club surveys could be the answer. Sarah Nash reveals what organisations can gain from joining a specialist pay survey...
Now that’s what I call blogs! 2019’s greatest hits
Executive Pay | HR Reward | Remcom | Reward Consultancy | Pay Fairness | Gender Pay Gap | Benefits intelligence | Employee engagement | Analytics | Pay trends | BAME reporting | Pay Structure | Pay benchmarking | Flexible Benefits
A blog roundup today - our most popular blogs from 2019. Well worth a re-read of your favourites, or a chance to catch up on any you've missed.
Making a merit-based pay model work for your business
Pay Transparency | Performance Related Pay | Pay Fairness | Pay & Reward | Pay trends | Pay framework | Pay Progression | Pay Structure | Reward Strategy | Pay benchmarking | Pay Review | Mosaic
With newly qualified lawyers preparing to join their new employers shortly, many law firms are in the process of reviewing their pay bands and pay structures. Once again, the discussion surrounding the benefits and drawbacks of the traditional PQE-based pay model have begun, and the merits of alternative pay models, have been reopened.
6 steps to maximise value of pay benchmarking
HR Reward | Pay Transparency | Reward Consultancy | Pay Fairness | Good data | Employee communications | Analytics | Salary survey | HR Technology | PayLab | Pay benchmarking
Getting the facts around your market pay stance is essential, but of course there are costs involved. Innecto's Emer Bucukoglu guides you through 6 steps to make sure you get the best return from your pay benchmarking project.
The myth of market rate
HR Reward | Pay Transparency | Reward Consultancy | Pay Fairness | Gender Pay Reporting | Good data | Measuring pay | Salary survey | Pay benchmarking
Do you pay the market rate for your jobs? Chances are you think you do, but how do you know? Pay benchmarking expert Sarah Nash takes you through getting the most accurate result, as well as how to establish if your pay is fair.
Older & wiser? HR lessons from ‘mature’ businesses
HR Reward | Reward Consultancy | Analytics | Global mobility | Fast Growth | Agile working | Culture | Pay benchmarking
We work with many organisations where HR struggles to realise its full value to the business. Innecto's Sarah Lardner explores some of these common challenges, as well as solutions to make HR into an operational powerhouse.
3 ways to manage National Living Wage increases
HR Reward | Reward Consultancy | Performance Related Pay | Reward Intelligence | Benefits intelligence | Analytics | National Living Wage | Low Pay | Pay Progression | Pay benchmarking | Reward
With the NLW on target to reach nearly £9 an hour by 2020, it’s vital to work out how you’ll absorb such a large hike in your wage bill over the next two years. Here’s 3 ways to manage the increase and make your pay pot go further.
Now that’s what I call blogs! 2017’s greatest hits
CEO Pay Ratios | HR Reward | Remcom | Reward Consultancy | Bonus | Remcom Mentor | Gender Pay | Gender Pay Gap | Gender Pay Reporting | Good data | Total reward | Recognition | Pay benchmarking
A blog roundup today - our most popular blogs from 2017. Well worth a re-read of your favourites, or a chance to catch up on any you've missed.